Central Park North rental building trades for $33M

Seller is estate of former Bronx Board of Realtors president

New York /
Jan.January 28, 2015 03:00 PM

The estate of the late Barry Levites, a Bronx landlord who had headed the borough’s realtors board, recently sold a Harlem apartment building overlooking Central Park for $33 million.

The property is a six-story, 58-unit elevator building at 225 Central Park North, an insider told The Real Deal.

The buyer was RCR Management, which manages some 2,200 units, according to the website Apartable, and owns properties such as the 116-unit 205 West 88th Street.

Neither Levites Realty Co. nor RCR Management could be immediately reached for comment.  Rosewood Realty Group’s Aaron Jungreis, the sole broker on the deal, declined to comment.

Two years ago, L&M Development purchased a block-through 91-unit portfolio of small buildings next door for $27.5 million.

Levites died in 2010 while on a trip to Jerusalem. According to a short biography online, he owned and managed residential and commercial properties along the East Coast. He had served as president of the Bronx Board of Realtors for three terms and sat on the Rockland County Rent Guidelines Board.


Related Articles

arrow_forward_ios
Park Vista Apartment Homes is one of the four apartments in the deal (Rosewood Realty)
Sun Equity pays $100M for San Antonio apartment portfolio
Sun Equity pays $100M for San Antonio apartment portfolio
L+M Development Partners' Ron Moelis and a rendering of Sendero Verdo (Photos via L+M; Handel Architects)
L+M in deal with union laborers to cut wages on affordable projects
L+M in deal with union laborers to cut wages on affordable projects
Related chairman Stephen Ross and 265-475 Cherry Street (Getty; Google Maps)
Related to buy Section 8 buildings for $435M
Related to buy Section 8 buildings for $435M
29 Beekman Street (Credit: StreetEasy; Google Maps)
Midtown East mansion with ties to shah of Iran gets another steep price chop
Midtown East mansion with ties to shah of Iran gets another steep price chop
Clockwise from the bottom: Judge Arthur Engoron, JDS Development’s Michael Stern, L&M’s Ron Moelis, Josh Siegel of Starrett with a rendering of Two Bridges (Credit: Twitter and Curbed NY)
Judge deals another blow to Two Bridges towers
Judge deals another blow to Two Bridges towers
East Williamsburg’s Williamsburg Houses and the Harlem River Houses and (Credit: Wikipedia)
NYCHA inks $1.5B deal to privatize management of 5,900 units
NYCHA inks $1.5B deal to privatize management of 5,900 units
55-59 Chrystie Street and Rosewood Realty's Greg Corbin (Credit: Google Maps)
Chinatown mixed-use building heads to bankruptcy auction
Chinatown mixed-use building heads to bankruptcy auction
L+M Development Partners’ CEO Ron Moelis and an aerial of 401 Chester Street (Credit: L+M, Google Maps)
L+M transfers piece of big Brooklyn residential project to Dunn
L+M transfers piece of big Brooklyn residential project to Dunn
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...